Bank of England ‘will not hesitate’ to act as it monitors market turmoil

Pound briefly touched a record low against the dollar Five-year gilts match Friday’s record daily slump Yields on 2-year and 5-year debt up 100 bps in 2 days Finance minister to detail fiscal plans on Nov. 23 BoE monitoring developments ‘very closely’ LONDON, Sept 26 (Reuters) – The Bank of England said on Monday it … Read more

Britain kicks off post-Brexit ‘transformation’ of finance

UK seeks to preserve London’s financial standing after Brexit Regulators to focus on competitiveness, not just stability Capital rules for insurers to be relaxed to boost investment Zahawi pauses plan for more government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial … Read more